Peter’s Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “rate cut”

December 20, 2024・Friday Gold Wrap

Markets Reject Fed Christmas Gift: SchiffGold Friday Gold Wrap 12.20.2024

Gold closed this week at $2,625 (down about $25 since last week) and silver at $29.55 (down about $1.05). The Fed cut rates in time for Christmas but stock markets dropped on the news, spoiled by promises of bigger cuts in 2025. Price action discussed at 6:26.

Read Article

Exclusive Weekly Email Updates

Peter Schiff’s Gold News

Subscribe Now

Powell’s Cut Signals Recession Is Coming

Fed chair Powell slammed the “panic button” this week. On Wednesday the Fed began a rate-cutting cycle in an environment of rising unemployment. This situation is historically associated with recession, but Powell is desperate for you to think that “this time is different.”